You are considering manufacturing a new plant. The initial cost is $20 million and you expect to sell products to produce FCFF of $1 million in the first year (t=1) and FCFF that grows at a constant rate of 15% for the next 4 years (t=2 to t=5). After that, the FCFF is expected to grow at a constant rate 5% forever. What is the NPV of the project if the project WACC is 10%. $9.79m $9.08m $7.79m $11.21m